§ Gregory BarkerTo ask the Secretary of State for Work and Pensions how many new stakeholder pensions have been taken up by individuals(a) without any other form of occupation pension provision and (b) from the initial target group of those earning between £10,000 and £20,000 a year. [135015]
§ Malcolm WicksThe information requested in(a) is not available. Information relating to (b) is contained in the following table.
Annual earnings of stakeholder pension policy holders Number of stakeholder pension sales by earnings group in 2001–02 tax year Under £10,000 200,000 £10,000 to £20,000 330,000 £20,000 to £30,000 160,000 £30,000 to £40,000 40,000 £40,000 to £50,000 10,000 £50,000 to £60,000 10,000 £60,000 and above 20,000 Notes:
- 1. 60,000 of sales were to people not in work (e.g. children, spouses, the unemployed and pensioners).
- 2. Numbers do not sum to total sales in tax year because of rounding of information bands to the nearest 10,000.
- 3. Earned income data is derived from the Survey of Personal Incomes (SPI) and consists of all income chargeable under Schedule E (mainly pay, private and occupational pensions, retirement annuities and state retirement pensions) Schedule D Cases I and II (self-employment income), and miscellaneous other earnings.
- 4. The SPI is a representative sample of nearly 200,000 individuals, drawn from the Revenue's Self Assessment, Pay As You Earn and Claims systems. Where we have been able to match these individuals to the SPI, primarily those with earned income, the totals in the tables are based on this sample.
Source:
Inland Revenue data for 2001–02 tax year